US Airways plane crashes into Hudson River in New York

Date: Thu, 15 Jan 2009 17:01:30 -0500

US Airways plane crashes into Hudson River in New York

US Airways flight 1549 on its way to Charlotte, N.C., has crashed into
the Hudson River off New York City.

INTEL POSTS 90% DROP IN FOURTH-QUARTER NET PROFIT

Intel Corp. on Thursday reported a 90% drop in
fourth-quarter net profit as the chip giant navigated what Chief
Executive Paul Otellini said was an uncertain market environment.

MORTGAGES: BENCHMARK 30-YEAR MORTGAGE FALLS BELOW 5% FOR FIRST TIME

The benchmark 30-year mortgage fell below 5% for the first time ever
in Freddie Mac's weekly rate survey as economic weakness continued to
push interest rates lower, the mortgage agency said.

BANK OF AMERICA REPORTEDLY TO GET BILLIONS FROM WASHINGTON

Bank of America shares lose more than a quarter of their value
Thursday and trade at 17-year lows after a report that the government
is dipping into its $700 billion bailout war chest to help the firm
digest its acquisition of Merrill Lynch & Co

ECB TO PAUSE NEXT MONTH AFTER REDUCING RATES TO 2%

European Central Bank President Jean-Claude Trichet signaled that
policy makers will likely take a breather in February after cutting
the euro-zone's key lending rate another half-point on Thursday to
match an all-time low of 2%.